Budgong is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2577). With a population of 87, the suburb has an older demographic with a median age of 56. Households earn a median income of $81K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, professionals, machinery operators & drivers. The top ancestries reported are English, Australian, Irish.
The median house price in Budgong is $375,000, having dropped significantly 77.5% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 9.7%. The median monthly mortgage repayment is $1,500.
The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Budgong offers a gross rental yield of 9.7%, rated as high yield. Property prices sit below the state median ($375K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.6x is considered affordable. House prices have moved -77.5% year-on-year.
Budgong is a quiet locality in New South Wales within the Shoalhaven local government area (postcode 2577). With a population of 87, the suburb has an older demographic with a median age of 56. Households earn a median income of $81K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, professionals, machinery operators & drivers. The top ancestries reported are English, Australian, Irish.
The median house price in Budgong is $375,000, having dropped significantly 77.5% over the past year. The current median weekly rent is $700. This gives a gross rental yield of approximately 9.7%. The median monthly mortgage repayment is $1,500.
The crime rate in the Shoalhaven LGA is below average at 3,609 incidents per 100,000 population.
From an investment perspective, Budgong offers a gross rental yield of 9.7%, rated as high yield. Property prices sit below the state median ($375K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 4.6x is considered affordable. House prices have moved -77.5% year-on-year.